MoneyVS

SIB Cashback Covered Card

Cashback card from Sharjah Islamic Bank, Shariah-compliant.

Sharjah Islamic Bank SIB Cashback Covered Card
View on SIB site Compiled by Joe Hickman · details checked 2 Nov 2026 against SIB's own page
Annual fee
AED 199 from yr 2

First year free. AED 199 a year after that, waived if you spend AED 10,000 in the previous year.

Minimum monthly salary
AED 5,000
Welcome bonus
None listed right now

Our take

A Shariah-compliant card with 10% cashback on online and mobile-wallet spending, plus uncapped 1–2% on everyday and foreign spend.

Good for

Online shoppers who want a covered card.

Watch out for

The 10% rate caps at AED 300 a month; the AED 199 fee applies from year two below AED 10,000 spend.

Written by Joe Hickman from Sharjah Islamic Bank's published terms. Not personal advice.

What it's worth in practice

SIB pays 10% on online spending and Apple Pay or Samsung Wallet payments, up to AED 300 a month, which is generous for an AED 199 Islamic card. Put AED 2,000 a month through those channels and AED 2,000 on other retail, and you'd get AED 200 + 20: about AED 220 a month, or AED 2,600 a year. Spending AED 10,000 in a year also waives the fee from year two. If most of your money goes on groceries, fuel and dining, FAB Cashback Islamic pays 5% on exactly those, because SIB drops supermarkets to 0.5%. That's the catch here: supermarkets, utilities, telecom, school fees and government payments all earn 0.5%. Check how SIB treats wallet payments at a supermarket before counting on 10%.

What you need

Minimum salaryAED 5,000 a month
Annual fee waivedSpend AED 10,000 a yearAbout AED 834 a month
Reward capAED 300 a month on the 10% rate

Taken from Sharjah Islamic Bank's own page. Spend rules usually count retail purchases only, not cash, bills or government payments, unless the bank says otherwise.

How it compares

Its AED 199 annual fee is higher than 13 and lower than 21 of the other 34 cashback cards with a published fee, and the bank waives it at AED 10,000 of spend a year, with the first year free. The AED 5,000 minimum salary compares with a typical AED 8,000 for cashback cards; 0 of 28 ask for less. It has no welcome offer listed right now; 10 of the 34 other cashback cards do. It's Shariah-compliant, one of 69 Islamic cards we list.

Sharjah Islamic Bank has 2 other cards on MoneyVS: SIB Smiles Titanium, SIB Smiles World.

Compared with the 35 cashback cards on MoneyVS, using each bank's published figures as of 2 Nov 2026.

What you earn

  • 10% cashback on online spends and Apple Pay / Samsung Wallet (max AED 300 a month)
  • 2% on international retail and 1% on domestic retail, no cap
  • 0.5% on utilities, telecom, government, supermarkets and education

Included benefits

No headline benefits listed by the bank.

SIB Cashback: common questions

What salary do I need for the SIB Cashback?

Sharjah Islamic Bank asks for a minimum monthly salary of AED 5,000.

Does the SIB Cashback have an annual fee?

Yes, AED 199, free in the first year. It's waived if you spend AED 10,000 a year.

Is the SIB Cashback Islamic?

Yes. It is a Shariah-compliant (covered) card.

Does SIB Cashback earn 10% on Apple Pay?

Yes. SIB lists 10% cashback on online spends and Apple Pay or Samsung Wallet payments, capped at AED 300 a month.

What does SIB Cashback pay at supermarkets?

0.5%, the same as utilities, telecom, government and education payments.

Compare with

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